Avago's 'Numbers Guy' Snags Biggest-Ever Tech Deal

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Don Clark An accelerating wave of consolidation in the semiconductor industry has a new point man: Hock Tan, a press-shy numbers guy now mounting the largest takeover in high-tech history. The 63-year-old chief executive of Avago Technologies Ltd. stepped ...

Oil Extends Gains, Investors Eye Next Week's OPEC Meeting

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Eric Yep Crude-oil futures extended gains in Asian trade Friday, helped by a decline in U.S. oil inventories and a softer U.S. dollar. On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at ...

Swiss Economy Shrinks, Squeezed By Strong Currency--Update

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Neil MacLucas ZURICH--Switzerland's economy contracted for the first time in 4 1/2 years in the first quarter as the strength of the Swiss franc hit foreign demand for the country's pharmaceutical and machinery products. Gross domestic product in the ...

Euro Weakens Amid Greek Debt Stalemate

TODAY: May 29, 2015 PUB DATE: May 29, 2015

European stocks and the euro edged lower Friday, as Greece's negotiations with its international creditors kept investors on edge. The Stoxx Europe 600 was 0.3% lower in early trade, deepening Thursday's decline. A rally earlier in the week has evaporated ...

Euro Weakens Amid Greek Debt Stalemate

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Tommy Stubbington European stocks and the euro edged lower Friday, as Greece's negotiations with its international creditors kept investors on edge. The Stoxx Europe 600 was 0.3% lower in early trade, deepening Thursday's decline. A rally earlier in the ...

ECB Says Private Sector Lending Stabilized in April

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Todd Buell FRANKFURT--Lending to the private sector stabilized in April, one month after rising for the first time in nearly three years, data from the European Central Bank showed Friday. In yearly terms, loans were flat, the data showed, ...

Intel Said Near $15 Billion Deal to Buy Altera -NY Post

TODAY: May 29, 2015 PUB DATE: May 29, 2015

Intel Corp. (INTC) is nearing a deal to buy chip-making rival Altera Corp. (ALTR) for about $15 billion, The New York Post reported late Thursday, citing a person close to the matter. The bid could be for as much as ...

India's Economic Growth Hits Four-Year High

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Raymond Zhong And Anant Vijay Kala NEW DELHI--India's economy expanded by 7.3% in the year ended March, a four-year high, the statistics ministry said Friday. The expansion in gross domestic product trumped the previous year's 6.9% and was the ...

First-Quarter GDP Swings to Contraction--Update

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Josh Mitchell And Jeffrey Sparshott WASHINGTON--The U.S. economy contracted early this year as harsh weather and a strong dollar sapped demand for American goods, underscoring the choppiness of an expansion that has struggled to lift off. Gross domestic product, ...

U.S. Government Bonds Tilt Higher on Month-End Buying

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Cynthia Lin Treasury prices inched higher as month-end buyers moved in after the U.S. delivered a largely as-expected report on first-quarter growth. In early New York trading, benchmark 10-year notes gained 5/32 in price to yield 2.113%, according to ...

Greece Uncertainty Weighs on European Stocks -- 3rd Update

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Tommy Stubbington European stocks fell Friday, after fresh doubts emerged that Greece is nearing a deal with its international creditors. The Stoxx Europe 600 was 0.7% lower early afternoon, deepening Thursday's losses. A rally earlier in the week has ...

End-May Consumer Sentiment Index Stands at 90.7

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Kathleen Madigan Consumers remain cautious about the current economy this month, according to data released Friday. The report raises worries about consumer spending in the second quarter following weak demand in the first quarter. The University of Michigan final ...

India's Economic Growth Hits Four-Year High -- Update

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Raymond Zhong And Anant Vijay Kala NEW DELHI--India's economy accelerated to 7.5% last quarter, putting it ahead of China as the world's fastest-growing large economy. According to government data released Friday, gross domestic product in the South Asian nation ...

Japan Inflation Slips Back to Zero

TODAY: May 29, 2015 PUB DATE: May 29, 2015

TOKYO—Japan's inflation slid back to zero in April, slowed by cheaper energy costs that pushed price movements further away from a 2% inflation goal. While the fall in inflation is the latest indication of the difficulties the Bank of Japan ...

Swiss GDP Contracts as Strong Franc Hits Exports

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Neil MacLucas ZURICH--Switzerland's economy contracted in the first quarter as the strength of the Swiss franc hit demand for the country's pharmaceuticals and machinery products, data released Friday showed. Gross domestic product in the three months through March fell ...

Telefonica SA Closing of GVT acquisition

TODAY: May 29, 2015 PUB DATE: May 29, 2015

TIDMTDE RNS Number : 6019O Telefonica SA 29 May 2015 RAMIRO SÁNCHEZ DE LERÍN GARCÍA-OVIES General Secretary and Secretary to the Board of Directors TELEFÓNICA, S.A. TELEFÓNICA, S.A. (Telefónica) as provided in article 82 of the Spanish Stock Market Act ...

Old Mutual Sells Skandia Leben for Undisclosed Sum

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Ian Walker LONDON--South African financial services firm Old Mutual PLC (OML.LN) said Friday it is selling Skandia Leben AG in Switzerland to Life Invest Holding AG, a company owned by the Mutschler Group and Hannover Re, for an undisclosed ...

Polish 1Q GDP Revised Higher To 3.6% From 3.5%

TODAY: May 29, 2015 PUB DATE: May 29, 2015

WARSAW--Poland's economy accelerated in the first quarter with gross domestic product rising 3.6% on the year, faster than the preliminary reading of 3.5% and up from 3.3% in the fourth quarter, the Central Statistical Office said Friday. Seasonally adjusted quarterly ...

India's Economic Growth Hits Four-Year High -- Update

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Raymond Zhong And Anant Vijay Kala NEW DELHI--India's output growth accelerated to 7.5% last quarter, putting it ahead of China as the world's fastest-growing large economy. According to government data released Friday, gross domestic product in the South Asian ...